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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and SM Energy Co (SM). Click either name above to swap in a different company.
BREAD FINANCIAL HOLDINGS, INC. is the larger business by last-quarter revenue ($975.0M vs $704.9M, roughly 1.4× SM Energy Co). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
BFH vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $704.9M |
| Net Profit | — | — |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 25.9% |
| Net Margin | — | — |
| Revenue YoY | 5.4% | -17.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.21 | $0.94 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $975.0M | $704.9M | ||
| Q3 25 | $971.0M | $811.6M | ||
| Q2 25 | $929.0M | $792.9M | ||
| Q1 25 | $970.0M | $844.5M | ||
| Q4 24 | $925.0M | $852.0M | ||
| Q3 24 | $983.0M | $643.6M | ||
| Q2 24 | $939.0M | $634.6M | ||
| Q1 24 | $991.0M | $559.9M |
| Q4 25 | — | — | ||
| Q3 25 | $188.0M | $155.1M | ||
| Q2 25 | $139.0M | $201.7M | ||
| Q1 25 | $138.0M | $182.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0M | $240.5M | ||
| Q2 24 | $133.0M | $210.3M | ||
| Q1 24 | $134.0M | $131.2M |
| Q4 25 | 4.9% | 25.9% | ||
| Q3 25 | 20.2% | 30.4% | ||
| Q2 25 | 18.7% | 37.2% | ||
| Q1 25 | 20.3% | 32.7% | ||
| Q4 24 | -2.9% | 33.7% | ||
| Q3 24 | 4.1% | 51.4% | ||
| Q2 24 | 19.2% | 44.0% | ||
| Q1 24 | 19.0% | 31.9% |
| Q4 25 | — | — | ||
| Q3 25 | 19.4% | 19.1% | ||
| Q2 25 | 15.0% | 25.4% | ||
| Q1 25 | 14.2% | 21.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.2% | 37.4% | ||
| Q2 24 | 14.2% | 33.1% | ||
| Q1 24 | 13.5% | 23.4% |
| Q4 25 | $1.21 | $0.94 | ||
| Q3 25 | $3.96 | $1.35 | ||
| Q2 25 | $2.94 | $1.76 | ||
| Q1 25 | $2.78 | $1.59 | ||
| Q4 24 | $0.08 | $1.63 | ||
| Q3 24 | $0.05 | $2.09 | ||
| Q2 24 | $2.66 | $1.82 | ||
| Q1 24 | $2.70 | $1.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6B | $368.0M |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $3.3B | $4.8B |
| Total Assets | $22.7B | $9.3B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $368.0M | ||
| Q3 25 | $3.8B | $162.3M | ||
| Q2 25 | $3.8B | $101.9M | ||
| Q1 25 | $4.2B | $54.0K | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.5B | $1.7B | ||
| Q2 24 | $4.1B | $487.9M | ||
| Q1 24 | $3.8B | $506.3M |
| Q4 25 | $4.3B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3B | $4.8B | ||
| Q3 25 | $3.3B | $4.7B | ||
| Q2 25 | $3.2B | $4.6B | ||
| Q1 25 | $3.1B | $4.4B | ||
| Q4 24 | $3.1B | $4.2B | ||
| Q3 24 | $3.1B | $4.1B | ||
| Q2 24 | $3.2B | $3.8B | ||
| Q1 24 | $3.0B | $3.7B |
| Q4 25 | $22.7B | $9.3B | ||
| Q3 25 | $21.7B | $9.1B | ||
| Q2 25 | $21.8B | $9.0B | ||
| Q1 25 | $22.4B | $8.8B | ||
| Q4 24 | $22.9B | $8.6B | ||
| Q3 24 | $21.7B | $8.0B | ||
| Q2 24 | $22.1B | $6.7B | ||
| Q1 24 | $22.3B | $6.4B |
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 1.47× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $568.0M | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $451.9M | ||
| Q3 25 | $605.0M | $505.0M | ||
| Q2 25 | $526.0M | $571.1M | ||
| Q1 25 | $393.0M | $483.0M | ||
| Q4 24 | $479.0M | $578.4M | ||
| Q3 24 | $456.0M | $452.3M | ||
| Q2 24 | $477.0M | $476.4M | ||
| Q1 24 | $447.0M | $276.0M |
| Q4 25 | — | — | ||
| Q3 25 | 3.22× | 3.26× | ||
| Q2 25 | 3.78× | 2.83× | ||
| Q1 25 | 2.85× | 2.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 228.00× | 1.88× | ||
| Q2 24 | 3.59× | 2.27× | ||
| Q1 24 | 3.34× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
